Skip to main content

Slavery of Debt

In ten of thousands of homes, the general topic of conversation is poverty and want, and that is what they are getting.

The poverty consciousness is the result of the habit of thinking of and fearing poverty. "The thing I had feared has come upon me!"

Debt is a merciless master, a fatal enemy of the savings habit.

Poverty alone is sufficient to kill of ambition, destroy self confidence, and destroy hope, but add to it the burden of debt and all who are victims of these two cruel taskmasters are practically doomed to failure.

No one can carry out a definite purpose in life with heavy debt hanging over his head.

You are a human magnet and you are constantly attracting to you people which characters harmonize with your own.

No sacrifice is too great to avoid the misery of debt!

Two types of Debts
-Debts incurred for luxuries that become a dead loss
-Debts incurred in the course of professional or business trading which represent service or merchandise that can be converted back into assets.

The fear of poverty breaks down the will power of its victims and they then find themselves unable to restore their fortunes. What is still more sad, they lose all ambition to extricate themselves from the slavery of debt.

The person who is free from debt may whip poverty and achieve outstanding financial success, but, if bound by debt, such achievement is only remote possibility and never a probability.

Fear of poverty is a negative, destruction state of mind. Moreover, one negative state of mind has a tendency to attract other similar state of minds.

Comments

Post a Comment

Popular posts from this blog

 All great leaders in every walk of life are highly sexed, but they follow the habit of controlling their sex desires, switching them into a driving force behind their occupation. The person who has self discipline understands the emotion of sex, respects it, and learns to control and transmute it into contructive activities. Q: Just what damage is there in over-indulgence of sex? A: The greatest damage is that it depletes the source of man's greatest driving force, and wastes, without adequate compensation, man's creative energy. Controlled sex supplies the magnetic force that attracts people to one another. It is the most important factor of a pleasing personality. It gives quality to the tone of voice and enables one to convey through the voice any feeling desired. It serves, as nothing else can serve, to give motive power to one's desires. It keeps the nervous system changed with the energy needed to carry on the work of maintaining the body. It sharpens the imagination...
Post a Comment
Read more

The Golden Rule

THERE IS A DESTINY THAT MAKES US BROTHERS: NONE GOES HIS WAY ALONE; ALL THAT WE SEND INTO THE LIVES OF OTHERS COMES BACK ONTO OUR OWN.  -Edwin Markham The Golden Rule essentially means to do unto others as you would wish them to do unto you if your positions were reversed. There is an eternal law through the operation of which we reap what we sow. When you select the rule of conduct by which you guide yourself in your transactions with others, you will very likely be fair and just if you know that by your selection you are setting into motion a power that will run its course in the lives of others, returning finally to help or to hinder you, according to its nature.  IT IS WELL TO THINK WELL; IT IS DIVINE TO ACT WELL.  -Horace Mann   The law does not stop by merely flinging back upon you your acts of injustice and unkindness toward others; it goes further than this-much further-and returns to you the results of every thought that you release. ...
Post a Comment
Read more

SURVIVE THE LEARNING CURVE

 Those who can give trading more time when they start have a better chance to succeed. you must be patient. But your time will come. At the start of your trading, you should trade with small size and with one stock. You should not increase your tier size until you are positive 7/10 trading days. You should set a small max loss when you begin. You should be limited in your buying power. For example, when a new trader begins, he should not write more than 10k shares in a day, total. you are not going to be a great trader on Day One Gladwell explains, “Working hard is what really successful people do.” t deep practice, often with continuous feedback, is necessary to become great. Concentrated practice is key Daniel Coyle in The Talent Code: Greatness Isn’t Born. It’s Grown. If you want to be good at something, practice. Practice deliberately, and do so for many years. FOCUS ON IMPROVING EVERY DAY “I know of no more encouraging fact than the unquestioned ability of man to elevate his l...
Post a Comment
Read more